Examlex
Match each definition with the correct abbreviation.
-ART
Credit
The provision of resources (like money) by one party to another, where repayment is expected in the future, often with interest.
Journal Entries
Records of financial transactions in the double-entry bookkeeping system, noting debits and credits for each transaction.
Posting
The process of recording financial transactions in the ledger of an accounting system.
Debits
Entries on the left side of an accounting ledger, representing increases in assets or expenses and decreases in liabilities, equity, and income.
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